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Prismaflex International Earnings Release 2011

May 5, 2011

1609_iss_2011-05-05_4954dbaf-19db-41c0-a8d7-6f3e1d50e1e7.pdf

Earnings Release

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2010/2011 financial year Annual sales figures: €50.66 million -29% annual growth

Significant points for the year:

  • Strong Home Décor activity
  • Printing activity resisting
  • Upturn in Hardware activity for Q4 as anticipated

Annual Consolidated Sales Figures

April 1, 2010 – March 31, 2011
12 months
12 Months
Q4: Jan 1, 2011 – March 31, 2011
3 Months
3 Months
In €M (audit in progress) 2010/2011 2009/2010 Var. €M Var.% Q4 11 Q4 10 Var.€M var.%
Printing activity 26.93 22.16 4.78 21.6% 6.08 5.99 0.10 1.6%
Hardware activity 23.73 17.07 6.66 39.0% 7.03 4.93 2.11 42.8%
Total 12 months 50.66 39.23 11.44 29.2% 13.12 10.91 2.20 20.2%
Total (constant currencies) 49.13 39.23 9.90 25.2% 12.95 10.91 2.04 18.7%

Q4 sales are up by 20.2% compared to N-1, in part due to improved hardware sales at +42.8%.

2S figures reflect an organic growth of 26% compared to 2S for the previous year. 2S is up 11% compared to 1S for the same period (+€2.73 million) with 85% from Hardware results. Second semester results are in line with positive 1S trends and confirm improved overall performance.

For the 12-month period, Printing, excluding Home Décor, at €19.1 million, is up by 5.8% thanks to the French subsidiary while foreign subsidiary activity is slightly down.

Home Décor sales at €12.2 million represent an upward trend compared to N-2 (+27%). N-1 inventory reduction plans do not allow for any pertinent comparison. Downward pressure on prices has been observed. This should be countered by increased volumes.

Overall Hardware activity (excluding Home Décor) at €19.3 million is up by 34% thanks to Q4 sales of €6 million and encouraging results for scrolling products. However group activity has not returned to pre-crisis levels and current geopolitical unrest in the Middle East could delay the positive results recorded in this region.

Outlook

On March 31, 2011, order backlog, essentially made of "hardware" is positive, boosted by increasing numbers of orders for scrolling and LED solution products.

The Group's diversified product lines and technological expertise are major assets in a lasting economic upturn.

Next press release: 2010/2011 annual figures, June 22, 2011, after closure –SFAF meeting at 11.30 AM, June 23, 2011.

PRISMAFLEX INTERNATIONAL Outdoor Advertising solutions manufacturer and large format digital printing ISIN: FR0004044600-PRS - Reuters: PRS.PA – Bloomberg: PRS FP Eurolist by Euronext Paris – Compartiment C www.prismaflex.com

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